Global Residential Air Purifiers Market was valued at USD XX Billion in the year 2018. Global Residential Air Purifiers Market is further estimated to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2025. The North America region holds the highest market share in 2019 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.
Honeywell International Inc. (U.S), 3M Company (U.S), Sharp Corporation (Japan) are the key players in this market. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Increased expenditure across developing nations
The effort to gain profits
The Global Residential Air Purifiers Market is segmented as By Product, Technology, End Use and Region. The Product segment is divided into dust collectors, fume & smoke collectors, vehicle exhaust, mist eliminators, Fire/Emergency exhaust and others (air cleaners, industrial UV systems etc.) in which fume and smoke collectors accounted for the highest market share with rising demand for automobiles. By Technology, it is divided into HEPA, Electrostatic precipitator, Activated carbon, Ionic filters and others (ultraviolet light air filters and ozone generators) in which HEPA is projected to register the highest market share. By End Use, it is divided into Automotive, Construction, Healthcare & medical, Energy & Utilities, Manufacturing and others (residential, education, aviation, and hospitality sectors) due to the rising demand for automobiles and increasing concern for indoor air quality of automobiles.
Among all, it is expected that the HEPA segment will be growing at a moderate CAGR of XX % in the assessment period.
Key Benefits for Stakeholders
Air purification solutions providers
Environmental service providers
Government and regulatory bodies
Market research and consulting firms
Commercial R&D institutions
Associations and industry bodies
Fume & smoke collectors
Others (air cleaners, industrial UV systems etc.)
Others (ultraviolet light air filters and ozone generators)
By End Use
Healthcare & medical
Energy & utilities
Others (residential, education, aviation, and hospitality sectors)
Key Market Players
Honeywell International Inc.
Daikin Industries, Ltd.
Air Products and Chemicals, Inc.
(A brief overview of 10 companies is also provided)
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